Cross Timbers Royalty Trust is a Texas-based company that operates as a trust that holds overriding royalty interests in various oil and gas properties in the United States. The trust's primary purpose is to receive and distribute royalties from the production of oil and gas from these properties to its unit holders.
With a focus on maintaining a steady flow of income for its investors, Cross Timbers Royalty Trust plays a passive role in the management and operation of the properties from which it derives its revenue. The trust's operations are primarily centered around the collection and distribution of royalty payments based on the production levels of the underlying oil and gas assets.
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